Stellantis Rallies, ASML Up, Heineken Slows
On this episode of Stock Movers:
- Shares in automakers led a relief rally in European stocks on Monday after the US and EU agreed to a trade deal, with the bloc facing 15% tariffs on most of its exports, including cars.
- ASML and other European semiconductor equipment stocks gain after their key customer, Samsung, wins a contract to make AI chips for Tesla. Meanwhile, a US-EU trade agreement has staved off trade war fears, offering an additional boost to the sector after its two-week long slide.
- Heineken saw a decline in beer volumes, as retailer disputes across Europe dragged on sales and limited its ability to take advantage of the summer heat wave.
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